Insights
Insightful Perspectives with Meaningful Impact
The 60-days tax Residency Rules for Individuals
In particular, as of 1 January 2017 an individual can be considered a Cyprus tax resident if he/she spends 60 days in Cyprus provided that he/she satisfies all of the following conditions within the same tax year - Read More...
NEWS ALERT: New amendments to the Cyprus Investment Programme
The Ministry of Interior has officially published the new guidelines approved by the Council of Ministers as a part of new changes of the Citizenship by Investment Scheme and in an effort to constitute - Read More...
Acquiring the Cypriot Citizenship
The existing Cyprus Citizenship Program, updated in September 2016, enables non-Cypriot citizens, entrepreneurs, investors and their immediate families, to obtain Cypriot Citizenship provided that they meet the criteria set out by the Council of Ministers. For more information, click on - Read More...
Military service update for Cypriot citizens by exception of investment
On 23/05/2014, Council of Ministers issued a decision regarding military service for every person who obtained a Cypriot citizenship by exception of investment. The decision states the abovementioned citizens have no obligation to attend - Read More...
New Citizenship opportunities for obtaining a Montenegro passport
Ministry of Interior Affairs and Public Administration of Montenegro launched a Citizenship economic program in October 2018 for up to 2,000 eligible applicants from non-EU countries, although the program will be running for a limited period - Read More...
New Tax Residency Rules for Individuals
On 14 July 2017, the Cypriot Parliament approved the law amending Section 2 of the Income Tax Law (the “ITL”) for the purposes of determining Cyprus Tax residency for Individuals.
Modernisation of Cyprus Family Law
Firstly, the consensual divorce is being introduced. Additionally, the maintenance process is renewed and now a spouse will be required to fully disclose their assets, including their bank accounts. Furthermore, personal communication of the child - Read More...
Acquiring the Cypriot Citizenship Naturalisation of Investors in Cyprus by Exception
The existing Cyprus Citizenship Program, updated in September 2016, enables non‐Cypriot citizens, entrepreneurs, investors and their immediate families, to gain Cyprus‐citizenship if they meet criteria that are set out by the Council of Ministers. Click - Read More...
Reduction of the cheques validity period duration
Following the decision of the Commission of the Cyprus Clearance Office, from the 1st of March 2011, the duration of the validity period of cheques is reduced from 6 to 3 months since the date - Read More...
Suggestions for reform in Cyprus Family Law
On the 29th of August 2017, during the meeting of the Council of Ministers in Cyprus, the Minister of Justice (Mr Ionas Nicolaou) announced the upcoming innovations in Cyprus Family Law. A total of nine - Read More...
Important revisions on Cyprus citizenship scheme
The Council of Ministers approved on 13 September 2016 a revised scheme for allowing non–Cypriot entrepreneurs and investors (and their immediate families) to acquire Cypriot citizenship. The new criteria provide greater flexibility to potential investors - Read More...
The Cyprus non-dom scheme: what you need to know
New trends in the international tax landscape mean that international groups will need to enhance corporate substance in the countries from which they operate, in order to ensure legal certainty regarding the taxation regime and - Read More...